Corporate Action10 Jun 2026, 06:11 pm
SK Minerals Approves ₹218 Cr Preferential Issue of Warrants
AI Summary
SK Minerals & Additives Ltd announced that its Board of Directors has approved a preferential issue of up to 55,00,000 convertible warrants at Rs. 397 per warrant. The total issue size is approximately Rs. 218.35 crore. These warrants are convertible into equity shares within 18 months. The company will hold an EGM on July 9, 2026, to seek shareholder approval. The board also appointed a scrutinizer, a registered valuer, and a monitoring agency for the issue, and approved opening a special bank account for the funds.
Key Highlights
- Board approves preferential issue of 55 lakh warrants.
- Issue size aggregates to Rs. 218.35 crore.
- Warrants convertible into equity shares within 18 months.
- EGM scheduled for July 9, 2026, for shareholder approval.
- Appointments made for scrutinizer, valuer, and monitoring agency.
Price Impact
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